Day Trading is a pipedream.
- Thread starter guy990opl
- Start date
Quote from konviction:
Special indeed.
I found out I got better, and also enjoyed trading more when I stopped trying to Day Trade. There are some days where I have 5 positions on, and I don't look at the market at all (because im asleep most likely). I log in to see how the market and my trades are doing, and log off. Boring?, yes. But trust me, when you face making money the boring way VS losing it all by having the time of your life, you have to make a choice on whats more important to you.
yes, it does get boring and the better you get the more boring
it is.........
No offence to the thread opener, but he has demonstrated ignorance as to what goes on in markets. One of the ways trading markets is looked at in big institutions, is profitability PER DAY. For the individual trader with limited capital the most efficient means to exploit markets is daytrading.
If the opening statement for this thread just means that trading successfully is a pipedream, that is usually correct for amateurs attempting to come into this business. However daytrading from a professional stance is rich in profitability. Daytrading is the best option for amateurs despite the high 'fatality' rate for
newbies.
There appear to be daytraders at ET who are doing enough correctly to keep some sort of money flowing. I have always recommended targetting the maximum points a volatile and liquid futures market (eg CL) provides daily because it is done elsewhere as a professional daytrading activity. As I do it I don't see why amateurs should not learn how and then go on to do extremely well.
If the opening statement for this thread just means that trading successfully is a pipedream, that is usually correct for amateurs attempting to come into this business. However daytrading from a professional stance is rich in profitability. Daytrading is the best option for amateurs despite the high 'fatality' rate for
newbies.
There appear to be daytraders at ET who are doing enough correctly to keep some sort of money flowing. I have always recommended targetting the maximum points a volatile and liquid futures market (eg CL) provides daily because it is done elsewhere as a professional daytrading activity. As I do it I don't see why amateurs should not learn how and then go on to do extremely well.
Not bragging but I've made a living for 14 years; since 1996 trading. Why do you guys post such drivel? Is it because you yourself failed? Or blew an account out? Or expected trading would be like an ATM machine? It takes work, effort and perseverance. And oh yeah -- some confidence and a positive perspective.
However for the beginner, they will have better luck taking their $25,000 account to Vegas, and letting it ride on one number on the roulette wheel. A lot faster and the odds may be better.
Your risk-reduced and low-risk business statements are sheer fantasty.
